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Jan 17, 2013
01/13
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resolutions, the debt ceiling debate. he's in full campaign mode. do you think the president emboldened by reelection and maybe emboldened by a win on the fiscal cliff, do you think he's overreaching on the political consequences and how should republicans deal with it? >> look, i think he clearly felt after the election that he was out to crush the one institution that was stopping his agenda, that it stopped it in the second, in the third and the fourth years of his administration, first administration, namely the republican house. he set up the fiscal cliff negotiations deliberately to split the republicans in the house, knowing that if he did, it would neuter the opposition and he would have the kind of dominance of washington, which he had in the first two years before he lost the house in the mid term elections. so, i have no doubt that that's how he used the fiscal cliff. that's how he's going to use the issue of immigration and that's how he's going to approach the debt ceiling and other issues and it's his object
resolutions, the debt ceiling debate. he's in full campaign mode. do you think the president emboldened by reelection and maybe emboldened by a win on the fiscal cliff, do you think he's overreaching on the political consequences and how should republicans deal with it? >> look, i think he clearly felt after the election that he was out to crush the one institution that was stopping his agenda, that it stopped it in the second, in the third and the fourth years of his administration,...
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Jul 24, 2013
07/13
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FBC
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it is an interesting question because the debt ceiling issue is of little ambiguous talking about the lame-duck status ramped up in april pushing for gun-control. of the debt ceiling, we will put it over here. now the push for a good control fails, a gun-control is not helping the of president. his persistence isn't helping him but definitely a laid-back with gun-control and now the legislation still alive but not how he envisioned with immigration and now the house goes with a very intelligent approach to immigration reform incrementally, focusing on security and they are making certain there is a path to legalization it puts those behind who have the lawful process to have a expedited path to citizenship most say the reason it is still ticking because the president has chosen not to meddle. immigration, without a question up next come monday sequester that it continues to complain about criticizing sequester. calling it a meat cleaver it was his administration's idea and his white house idea if he has not engaged house republicans on the issue nor persuaded anyone and also by the wa
it is an interesting question because the debt ceiling issue is of little ambiguous talking about the lame-duck status ramped up in april pushing for gun-control. of the debt ceiling, we will put it over here. now the push for a good control fails, a gun-control is not helping the of president. his persistence isn't helping him but definitely a laid-back with gun-control and now the legislation still alive but not how he envisioned with immigration and now the house goes with a very intelligent...
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Jan 15, 2013
01/13
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CNBC
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stay away from the debt ceiling issue. stay away with government shutdowns. they're political poison and p.r. disaster. instead, on the spending sequester, $1.2 trillion stay with the spending sequester. i believe john boehner should stick with his one to $1 debt increase with a dollar spending cut. and then go to the new budget. paul ryan, where are you? we need more spending cuts, more entitlement reform and even some tax reform especially business tax cuts to spur economic growth. my two cents. here is an old friend, david walker, founder, president and ceo of the come back america initiative. he knows a lot about this. david, let me ask you this. is boehner wrong to insist that a dollar debt increase should be accompanied by a spending decrease? >> the fact is we need to pay our bills. and i do however think that we have a spending problem. the federal government has gone from being 2% of the economy, 100 years ago. to 24% today. headed to 37% by 2040 absent a change in course. the republicans ought to leverage the sequester and the c.r. not to shut down
stay away from the debt ceiling issue. stay away with government shutdowns. they're political poison and p.r. disaster. instead, on the spending sequester, $1.2 trillion stay with the spending sequester. i believe john boehner should stick with his one to $1 debt increase with a dollar spending cut. and then go to the new budget. paul ryan, where are you? we need more spending cuts, more entitlement reform and even some tax reform especially business tax cuts to spur economic growth. my two...
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Jan 14, 2013
01/13
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CNNW
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entitlement problem that we have got with to force him on this debt ceiling issue. i know it seems like we have seen this movie before, but i think this is going to make a fiscal cliff fight look small because republicans are angry about what happened last time, they're angry at their speaker. they believe he capitulated an the spending cut side, they're not willing to do that again, and many republicans are willing to take this right to default and the president is going to say that's irresponsible. >> our senior congressional correspondent dana bash is here. the republicans say the nice's debt is exploding the deficit spending is exploding and they have got to do something about it right now. >> and just as gloria was saying there are certainly a number of rank and file republicans who are willing to make good on the threat that if the president, if the white house and democrats here do not agree to couple every dollar that we increase the debt limit with a dollar of spending cuts that they're willing to default on the u.s.'s loan and taking it to the next level,
entitlement problem that we have got with to force him on this debt ceiling issue. i know it seems like we have seen this movie before, but i think this is going to make a fiscal cliff fight look small because republicans are angry about what happened last time, they're angry at their speaker. they believe he capitulated an the spending cut side, they're not willing to do that again, and many republicans are willing to take this right to default and the president is going to say that's...
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Dec 28, 2013
12/13
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FBC
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, which is the debt ceiling? >> i struggle with this as a businessman. i am still an owner of a business. it would deeply affect our business if we went into any kind of defaults, but at the same time i do not want to enable what i so despise which is washington spending more than we are taking in. lou: i understand, but people are just out right sick of seeing the republican party. the republican party that has had the choice to make here, shutting down the government. you guys have shown such great judgment, level, good headed, common sense in dealing with what is, as i said, symbolic numbers, but an important return to regular order. surely you're not telling me this is the republican that through that all away and the debt ceiling. why not go to the pole with your argument and stop this nonsense? >> you are right on track, and i think that every candidate, whether they are an incumbent or new candidate a's to be asked this question. what specifically do you propose? mandatory spending. do not let those candid
, which is the debt ceiling? >> i struggle with this as a businessman. i am still an owner of a business. it would deeply affect our business if we went into any kind of defaults, but at the same time i do not want to enable what i so despise which is washington spending more than we are taking in. lou: i understand, but people are just out right sick of seeing the republican party. the republican party that has had the choice to make here, shutting down the government. you guys have...
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Jan 10, 2013
01/13
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FBC
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the phony issue, people are saying if we don't pass the debt ceiling it's a default. that is off the table. the constitution prevents a default on the national debt. revenues come in even after we pass -- you know, past the date which we have not passed the debt ceiling. what it means is it is more like a government shut down, not a default on debt. and shame on the media and people. gerri: there are other things that are bad that may happen like a sell-off in the stock market. the last time we tested this result of 2,000 points in the stock market, and i think that is what they are reacting to. they don't want to see that happen again, and they don't want to see executive to five executives across the country tie up the purse strings. i think they have practical considerations. what i want to know is if you believe that it would be a mistake to test cutting spending by holding off on this debt ceiling issue. >> that's a tough call. i do believe in the rule, and you know it, every dollar of increase in the debt should be tied to a dollar of spending cuts. this is, i t
the phony issue, people are saying if we don't pass the debt ceiling it's a default. that is off the table. the constitution prevents a default on the national debt. revenues come in even after we pass -- you know, past the date which we have not passed the debt ceiling. what it means is it is more like a government shut down, not a default on debt. and shame on the media and people. gerri: there are other things that are bad that may happen like a sell-off in the stock market. the last time we...
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Jan 14, 2013
01/13
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but we can't move beyond the debt ceiling issue. i knew that would be a stopper, a game stopper. so we have to address that. now, the conditions exist that there can be a grand compromise that will move the economy forward or we can just go into free fall. for example, the last negotiation on the debt ceiling, well, the president, i thought, gave more than he should have given, but nonetheless, he did that. now the onus is on the rps to come to the table. because, see, what has happened is, tax cuts are essentially -- tax increases are off the table. and we got revenue from that. not enough that we needed, but that's off the table. and that was a big issue for the republicans. >> danny, let's move on. let's talk about the possibility of a government shutdown. the president seemed to indicate that it was, first of all, the republicans' responsibility. that they were going to take the onus, the responsibility for this, and that it was potentially something that he was willing to allow happen, because he felt that most people will blame the republicans. if the government shuts down,
but we can't move beyond the debt ceiling issue. i knew that would be a stopper, a game stopper. so we have to address that. now, the conditions exist that there can be a grand compromise that will move the economy forward or we can just go into free fall. for example, the last negotiation on the debt ceiling, well, the president, i thought, gave more than he should have given, but nonetheless, he did that. now the onus is on the rps to come to the table. because, see, what has happened is, tax...
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Jan 14, 2013
01/13
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ceiling issue. i know you have said you're not negotiating that. your administration has ruled out the various ideas that have been out there, the 14th amendment that just this morning house -- one of the house democratic leaders asked you to use the 14th amendment, and even said sometimes that's what it takes. he brought up the emancipation probleming clamation. he compared the debt ceiling to that. are you considering a plan b? if not, why not? >> well, chuck, the issue here is whether or not america pays its bills. we are not a deadbeat nation. so there's a very simple solution to this. congress authorizes us to pay our bills. if the house and the senate want to give me the authority so that they don't have to take these tough votes, if they want to put the responsibility on me to raise the debt ceiling, i'm happy to take it. mitch mcconnell had a proposal like that last year, and i'm happy to accept it, but if they want to keep this responsibility, then they need to go ahead and get it done. the
ceiling issue. i know you have said you're not negotiating that. your administration has ruled out the various ideas that have been out there, the 14th amendment that just this morning house -- one of the house democratic leaders asked you to use the 14th amendment, and even said sometimes that's what it takes. he brought up the emancipation probleming clamation. he compared the debt ceiling to that. are you considering a plan b? if not, why not? >> well, chuck, the issue here is whether...
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Jan 3, 2013
01/13
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FOXNEWSW
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if the debt ceiling is the not negotiatable he will not allow that to happen again. he's going after more taxes and if lanny wants to talk about this being a moral issue then lanny can't possibly support president obama anymore and have credibility. i think he's a great guy, but what i'm saying, lanny, obama wants to exact against america and he has no intention of solving this debt crisis, you can't do it with revenue. he wants to even the score of the so-called wealthy and you can't raise enough taxes to put a dent in this debt and he refused to reform entitlement. i'm incredulous that people in america are permitting this. it's never going to be reversible if we don't stop this and i can't believe he's not for simpson-bowles, he's he not for anything to do with-- >> lanny, as a liberal democrat, are you-- and this is a moral issue, are you going to demand that this president how that he's got a spending increase, is he going to have to deal with his deficit. are you going to call him and demand that he get serious about it. >> last summer and he-- >> last summer i
if the debt ceiling is the not negotiatable he will not allow that to happen again. he's going after more taxes and if lanny wants to talk about this being a moral issue then lanny can't possibly support president obama anymore and have credibility. i think he's a great guy, but what i'm saying, lanny, obama wants to exact against america and he has no intention of solving this debt crisis, you can't do it with revenue. he wants to even the score of the so-called wealthy and you can't raise...
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Feb 13, 2013
02/13
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CSPAN2
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first of all, on the debt ceiling issue. ii think that people remember te summer of 2011, you have lots of house republicans who are threatening not to increase the debt ceiling, which means the united states would default on its obligations. it is important to understand what the debt ceiling is all about. just to provide the ability to pay for bills and obligations already o. wayne, already owing under the law. if the federal government were to wake up and decide not to pay those bills, it would be like any of us getting up after having gone on about things on a credit card and say we've got those things, but we're not going to pay for them. in every sense those obligations has been voted on previously by congress over the years, which is why people say so clearly, don't mess around with the public debt in the u.s. senate because he would have a negative impact on our economy and the world economy. tom mentioned that nobody is suggesting we not pay the public debt. that qualification is important here because earlier the n
first of all, on the debt ceiling issue. ii think that people remember te summer of 2011, you have lots of house republicans who are threatening not to increase the debt ceiling, which means the united states would default on its obligations. it is important to understand what the debt ceiling is all about. just to provide the ability to pay for bills and obligations already o. wayne, already owing under the law. if the federal government were to wake up and decide not to pay those bills, it...
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Oct 8, 2013
10/13
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ceiling issue even if annual debt de faults where the u.s. stops paying big creditors like china interest on the debt even if that is extremely unlikely because so much tax revenue would still continue to pour into washington where they have the debt ceiling or not. >>> big brother is watching, but it is not just the federal government. the state of virginia has been quietly collecting driver's information there to create a data base of the residents using dmz records it hadz socome pile millions of records. the more than $4 million system will help agencies uncover fraud. >> in washington, d.c. there's the truckers ride for the constitution. it is expecteded to tie up 3 lanes of traffic along i 495 around the nation's capital with trucks driving at 55 miles per hour. many say they are enrageed by the low wages the government shut down and the debt ceiling up to 3,000 truckers are expected to take part. >> the tv legend let's the ballroom decide. >> the couple leaving right now is. >> valerie and tristen. >> the third person to be voted off t
ceiling issue even if annual debt de faults where the u.s. stops paying big creditors like china interest on the debt even if that is extremely unlikely because so much tax revenue would still continue to pour into washington where they have the debt ceiling or not. >>> big brother is watching, but it is not just the federal government. the state of virginia has been quietly collecting driver's information there to create a data base of the residents using dmz records it hadz socome...
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Oct 7, 2013
10/13
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WJLA
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the ongoing shutdown and the threat of in deal on the debt ceiling issue is not calming any nerves there. asian markets were weaker overnight on worries about those issues as well. >>> good news about gas prices. they're still falling. aaa says the national average for a gallon of regular unleaded is now $3.35 a gallon, down fife cents from last week. credit goes to refiners passing on lower crude oil prices. >>> and there are new questions about am's next generation ipad. the tech giant will introduce the ipad 5 at the end of the month. but the new ipad miniwi will no be else willed until next year. >>> the company that tracks tv ratings is set to monitor social media. nielsen will talk about twitter posts about tv series. they will measure all twitter activity about television and its influence on how many people watch a particular show. >>> millions of americans blasted off to watch the sandra bullock/george clooney space drama jt gravity." it hit an october record, $55.6 million to open. it was first to a second place qup cloudy with a chance of meatballs 2." >> come on, let's get it
the ongoing shutdown and the threat of in deal on the debt ceiling issue is not calming any nerves there. asian markets were weaker overnight on worries about those issues as well. >>> good news about gas prices. they're still falling. aaa says the national average for a gallon of regular unleaded is now $3.35 a gallon, down fife cents from last week. credit goes to refiners passing on lower crude oil prices. >>> and there are new questions about am's next generation ipad. the...
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Oct 8, 2013
10/13
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ALJAZAM
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. >> looking forward for the debt ceiling issue. >> it would be my hope. >> also on capitol hill today was al jazeera correspondent. today, you made a bouncing pack and fort pulling all these things in the last few days. is there any sign that there could be a compromise reached on the shut down. >> it's not apparent. >> we'll have a short-term extension, probably not. there will be another grand argument or the end of last week. tphop how, no way that's going to happen. >> john boehner doesn't have a leeway. what you see happening is the shut down which a lot of people, including myself, thought that it's couple of days and everything would be horrible and we had to replay at 95 and have so much presure on republicans that they would cave. >> they would have to cave. >> so what you have now is nothing in to the debt ceiling which is just ten days away. >> why does it look so bad and why doesn't it look so bad. why isn't there that much pressure to move this somehow? >> first of all, i don't think you have people feeling that amount of personal pain. >> outside the belt way, yes. >> yo
. >> looking forward for the debt ceiling issue. >> it would be my hope. >> also on capitol hill today was al jazeera correspondent. today, you made a bouncing pack and fort pulling all these things in the last few days. is there any sign that there could be a compromise reached on the shut down. >> it's not apparent. >> we'll have a short-term extension, probably not. there will be another grand argument or the end of last week. tphop how, no way that's going to...
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Jan 26, 2013
01/13
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FOXNEWSW
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ceiling negotiations and removing the debt ceiling issues, so that the government could still function, legislation was moving forward. commerce committee hearings were taking place, so they weren't out on the beach sunning. the president made a very bold move here, he decided he was going to make the determination of when congress was in recess and the fact is the constitution says that's the job of the congress. and in representing the speaker of the house, which we did in this case, the fact of the matter, it's their determination not the president's and that's what the-- >> let me correct. >> and that's what separation of power means and julian keeps bringing up what president bush did. the fact of the matter is factual distinctions are significant, but you know what the court ruled what the constitution was unless it's overturned by the supreme court, those decisions and orders that came out by nlrb jamie asked the right questions, null and void because the court said from the inception of these appointments, these recess appointments they were invalid so-- >> julian. >> jamie: le
ceiling negotiations and removing the debt ceiling issues, so that the government could still function, legislation was moving forward. commerce committee hearings were taking place, so they weren't out on the beach sunning. the president made a very bold move here, he decided he was going to make the determination of when congress was in recess and the fact is the constitution says that's the job of the congress. and in representing the speaker of the house, which we did in this case, the fact...
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Dec 13, 2013
12/13
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like the debt ceiling or something like that. he felt he couldn't push back against them. really is a lot of nger up on the hill if you talk to republicans and republican staffers about these groups like freedom works and heritage action and primary challenges. i think this is a long time coming in that sense. >> one of the credible mess earnings, you have the leadership and outside group. is there a glenn beck or other people to referee this thing? >> glenn beck? >> i don't know he's the man to referee it. >> from their perspective? >> i don't think so. that's part of the trouble you see, there isn't anyone to referee. i don't think glenn beck is the person or it's hard to think of anyone. >> you don't like glenn beck. >> are you a glenn beck fan? i'm surprised. >> i'm not personally a fan but i think he holds a lot of sway. and i think one of the problems krystal, i don't know we might agree about this, one of the problems for this party is that they don't have anyone outside of heritage -- >> they have no leadership, which i t
like the debt ceiling or something like that. he felt he couldn't push back against them. really is a lot of nger up on the hill if you talk to republicans and republican staffers about these groups like freedom works and heritage action and primary challenges. i think this is a long time coming in that sense. >> one of the credible mess earnings, you have the leadership and outside group. is there a glenn beck or other people to referee this thing? >> glenn beck? >> i don't...
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Jan 16, 2013
01/13
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CNBC
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these are very fundamental issues. same with the debt ceiling. it's a very fundamental sense of how big the government should be. both of those are going to be very hard fought and they're going to be hard fought, as you say, at exactly the same time. >> thanks so much. eamon javers for us outside the white house reacting to those proposals today from the president. >>> when we come back from a short break, we'll consider the financial fallout from the president's announcement today. certainly a lot of publicly traded companies that may be impacted as a result of all of this. >>> we're also going to speak with some market mavens, if you will. talk about the stock market and action there. bill nygren, many of you know him. he'll give you stock picks you'll certainly want to hear. rick reeder, one of the best bond guys on the street is talking stocks today. you'll certainly want to hear what his thoughts are there. then we're going to cover all of the big stock stories of this busy day. whether it's facebook, the blowout earnings from goldman sachs
these are very fundamental issues. same with the debt ceiling. it's a very fundamental sense of how big the government should be. both of those are going to be very hard fought and they're going to be hard fought, as you say, at exactly the same time. >> thanks so much. eamon javers for us outside the white house reacting to those proposals today from the president. >>> when we come back from a short break, we'll consider the financial fallout from the president's announcement...
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Oct 10, 2013
10/13
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MSNBC
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let's move on to real issues and talk about the debt ceiling issue as well. >> you talked about accountability. is it possible that boehner is saying, look, i don't want everyone to show up. if they do, the president can say hey, everybody, let's take a quick vote right now. who is for stopping this shutdown and then there you have it? it's a done deal. >> you couldn't really do that in the chamber. it would be unofficial. >> at least we get an idea where everyone stands. >> they want to be with one voice. the more people in the room, the last chance of speaking with one voice. i think that's more it. you don't want any dissension. that's our problem now. the o two sides don't have any commonality. two different armies almost. >>> a lot of politics are going to take a hit because of this. we look at the latest polls, the favorability rating for the gop is the lowest on record. so is this political suicide for some politicians if they don't get their acts together and stop this shutdown? >> there's a major election coming up this november, i'd say yes. but there's enough time -- >> you think pe
let's move on to real issues and talk about the debt ceiling issue as well. >> you talked about accountability. is it possible that boehner is saying, look, i don't want everyone to show up. if they do, the president can say hey, everybody, let's take a quick vote right now. who is for stopping this shutdown and then there you have it? it's a done deal. >> you couldn't really do that in the chamber. it would be unofficial. >> at least we get an idea where everyone stands....
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Jan 14, 2013
01/13
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MSNBCW
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he even challenged on the issue of the debt ceiling when he was in the senate. he said that he wouldn't raise the debt ceiling, and now he is saying that the obligation exists for that to take place right now. he also laid out what i think is going to define some of the next several weeks, which is the issue of gun control. we are expecting that the vice president would be providing his recommendations following his gun violence task force about a month to the day now after the newtown shootings. those recommendations were expected tomorrow. the vice president is sitting down, alex, with the president for what will be a late lunch after about a 51 minute news conference wrapping up to share those proposals and the president made clear that later this week he will then have a more full presentation on what he plans to pursue going forward. i think he had a pretty candid admission in that news conference as well as it relates to this issue of guns. one of the very hotly contested topics on that is whether or not to reinstate the assault weapons ban. the president
he even challenged on the issue of the debt ceiling when he was in the senate. he said that he wouldn't raise the debt ceiling, and now he is saying that the obligation exists for that to take place right now. he also laid out what i think is going to define some of the next several weeks, which is the issue of gun control. we are expecting that the vice president would be providing his recommendations following his gun violence task force about a month to the day now after the newtown...
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Jan 18, 2013
01/13
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MSNBC
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ceiling and the full faith and credit of the u.s., overwhelmingly agree with him on issues like taxes. 90% agree with him, for example, on universal background checks on the purchase of a weapon. it's very different from what happened with george bush when he won a very narrow victory in 2004 and then said he had a mandate and decided he had a mandate to privatize social security, which was deeply unpopular. the great strength of the president here is he knows what he wants to do, he's very focused, and he has the country with him. some of this stuff is going to be tough to get through congress and you may have to fight it in the midterms and beyond, but he's going to make real progress, i think, because of what he believes and because he's got the country with him. >> well, these are kind of fundamental issues for a president, guns and keeping the government going and fighting for his foreign policy team. it's not like he's looked for a fight. let's face it, newtown forced everybody to deal with this. >> newtown has changed everything. >> i don't think he's looking for a fight. i thi
ceiling and the full faith and credit of the u.s., overwhelmingly agree with him on issues like taxes. 90% agree with him, for example, on universal background checks on the purchase of a weapon. it's very different from what happened with george bush when he won a very narrow victory in 2004 and then said he had a mandate and decided he had a mandate to privatize social security, which was deeply unpopular. the great strength of the president here is he knows what he wants to do, he's very...
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Dec 18, 2013
12/13
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>> the debt ceiling issue was precluded from us with the legislation that passed when the government shut down ended. i know and americans know that the reason this is an important step forward is they are tired of uncertainty and people throwing our economy into kricrs and wondering what the next crisis is going to be. >> what know what it's going to be. >> i believe they will do the right thing when it comes back to us and without preconditions or changes or any other demands from their corners will pay our bills. that's what the country wants us to do. >>> you open to the idea of obviously congressman ryan and others say they would like something in exchange for raising the debt ceiling. are you open to having something be attached to a raise of the debt ceiling. >> the lessons from last year that holding pieces of legislation hostage to our economy and to the certainty that american people want is wrong and i don't believe that will happen again next year either. >> you ruled it out and won't support anything that is basically or negotiation over the debt ceiling. >> look, the am
>> the debt ceiling issue was precluded from us with the legislation that passed when the government shut down ended. i know and americans know that the reason this is an important step forward is they are tired of uncertainty and people throwing our economy into kricrs and wondering what the next crisis is going to be. >> what know what it's going to be. >> i believe they will do the right thing when it comes back to us and without preconditions or changes or any other...
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Jan 1, 2013
01/13
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MSNBCW
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and we're going to see the same dynamic again with these other issues, most notably the debt ceiling coming in a couple months. >> thank you very much for your perspective. happy new year. >> same to you. >>> well the house action is about to officially begin so don't go anywhere. sometimes what we suffer from is bigger than we think ... like the flu. with aches, fever and chills- the flu's a really big deal. so why treat it like it's a little cold? there's something that works differently than over-the-counter remedies. prescription tamiflu attacks the flu virus at its source. so don't wait. call your doctor right away. tamiflu is prescription medicine for treating the flu in adults and children one year and older whose flu symptoms started within the last two days. before taking tamiflu tell your doctor if you're pregnant, nursing. have serious health conditions, or take other medicines. if you develop an allergic reaction, a severe rash, or signs of unusual behavior, stop taking tamiflu and call your doctor immediately. children and adolescents in particular may be at an increased
and we're going to see the same dynamic again with these other issues, most notably the debt ceiling coming in a couple months. >> thank you very much for your perspective. happy new year. >> same to you. >>> well the house action is about to officially begin so don't go anywhere. sometimes what we suffer from is bigger than we think ... like the flu. with aches, fever and chills- the flu's a really big deal. so why treat it like it's a little cold? there's something that...
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Dec 26, 2013
12/13
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CNBC
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the debt ceiling issue, there's still wrinkles for sure. i think for the first time in a while, we've got a chance of washington being more out of the way. the fed i think is still going to be very accommodative for a long time. there's a lot of slack in the economy, inflation's low. yeah, they'll probably be continuing to slow down the asset purchases, but they told us. they're going to be low for long and i think we can take them at their word for that. >> do you think that the people that you think of that have been left behind -- and we have a -- when economic times aren't gr t great, we forget that just having everything get better usually helps. >> it does help. >> it does help. we see the income disparity and inequality and see people that aren't doing well that are left behind. are there other things we need to do, too? >> yeah, i think there are. but growth will help. it's not just in the u.s. it's global. but when the economy is weak, it gets worse. you know, in the late '90s when the economy was red hot, labor market was real tig
the debt ceiling issue, there's still wrinkles for sure. i think for the first time in a while, we've got a chance of washington being more out of the way. the fed i think is still going to be very accommodative for a long time. there's a lot of slack in the economy, inflation's low. yeah, they'll probably be continuing to slow down the asset purchases, but they told us. they're going to be low for long and i think we can take them at their word for that. >> do you think that the people...
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Jan 3, 2013
01/13
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we will have to start talking about the debt ceiling that is another issue. thank you. in connecticut, sandy hook elementary students return to class today for the first time since the tragic chuting in newtown. a short time from now, they will be getting out of class. we will hear from parents coming up next. stop! stop! stop! come back here! humans -- we are beautifully imperfect creatures living in an imperfect world. that's why liberty mutual insurance has your back with great ideas like our optional better car replacement. if your car is totaled, we give you the money to buy one a model year newer. call... and ask one of our insurance experts about it today. hello?! we believe our customers do their best out there in the world, and we do everything we can to be there for them when they need us. [car alarm blaring] call now and also ask about our 24/7 support and service. call... and lock in your rate for 12 months today. liberty mutual insurance. responsibility. what's your policy? >>> the children of sandy hook elementary in newtown, connecticut are wrapping up th
we will have to start talking about the debt ceiling that is another issue. thank you. in connecticut, sandy hook elementary students return to class today for the first time since the tragic chuting in newtown. a short time from now, they will be getting out of class. we will hear from parents coming up next. stop! stop! stop! come back here! humans -- we are beautifully imperfect creatures living in an imperfect world. that's why liberty mutual insurance has your back with great ideas like...
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that are trying to get past just the cr and the debt ceiling issue. the real issue, the real issue, the cause of the problems we're facing right now is not dealing with our long-term debt and deficit and the economic stagnation we're facing right now. that's what the rank-and-file want to deal with. melissa: amen. that is absolutely the real problem. i think a lost americans do realize that. how do you solve that problem? because i mean frankly that's a much bigger problem. and that is why we're at this impasse. we do have an enormous spending and entitlement problem in this country. we've got to solve it. are you getting close to solving that one? >> well, we're working on it. we also have a lack of revenue issue. the baby boomers are hitting the system we're not anticipated. noll development of entitlement programs and nor how to pay for them. time for us to get together. throw away all the partisan rhetoric, sit down and work through mandatory discretionary revenue situations. we need tax reform. we need entitlement programs for kids and grandkids.
that are trying to get past just the cr and the debt ceiling issue. the real issue, the real issue, the cause of the problems we're facing right now is not dealing with our long-term debt and deficit and the economic stagnation we're facing right now. that's what the rank-and-file want to deal with. melissa: amen. that is absolutely the real problem. i think a lost americans do realize that. how do you solve that problem? because i mean frankly that's a much bigger problem. and that is why...
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Jan 4, 2013
01/13
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the gop needs to learn the difference between a debt and debt ceiling. it was put in there so the treasury didn't have to keep issuing bonds. most other countries when they issue legislation that has mo y money, it is spent. it's meant to give treasury enough room to issue bonds so they didn't have to keep doing it. using the debt ceiling and the ability to pay our bills for things we've already spent is just outrageous. it was outrageous in august and the republicans continue to use this language that somehow it's to control spending. it's just incorrect. >> so back them up only in the fact that there are plenty of republicans who say, good god, do not use this. this will kill us. >> the question is, if we went over the cliff or didn't fail to raise the debt ceiling, certainly there would be dire consequences. the question is, when else is the congress of the united states going to do anything proactively about spending? they have proven definitively over the last 70 years that they cannot do it. and this has become, for better or for worse, the pivot p
the gop needs to learn the difference between a debt and debt ceiling. it was put in there so the treasury didn't have to keep issuing bonds. most other countries when they issue legislation that has mo y money, it is spent. it's meant to give treasury enough room to issue bonds so they didn't have to keep doing it. using the debt ceiling and the ability to pay our bills for things we've already spent is just outrageous. it was outrageous in august and the republicans continue to use this...
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Oct 11, 2013
10/13
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ceiling for six weeks, but strikt l strictly dealing with the debt ceiling issue? >> wolf, the president has said and i think jay carney has said repeatedly now the president would sign a short-term debt ceiling increase. that was contingent on what was in the legislation itself. if it's a clean debt ceiling increase he's going to sign it. i think the critical component in all of this, wolfe, is how close we drift towards october 17th. if we're drofting towards october 17th and we don't have a break true, we don't have a deal, and he gets handed a deal that only raises the nation's debt ceiling he is going to do that even if it does not include a bill that opens up the government. i think that is the best rewrite now of where the white house stands right now and that is a read i got from a democratic official who was familiar with that meeting last night. that the debt ceiling, yes, something the president would sign. this is a surprise that came out of this meeting last night, wolf, as to how hard the president is trying to push here. i think it gives us a sense a
ceiling for six weeks, but strikt l strictly dealing with the debt ceiling issue? >> wolf, the president has said and i think jay carney has said repeatedly now the president would sign a short-term debt ceiling increase. that was contingent on what was in the legislation itself. if it's a clean debt ceiling increase he's going to sign it. i think the critical component in all of this, wolfe, is how close we drift towards october 17th. if we're drofting towards october 17th and we don't...
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Oct 7, 2013
10/13
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we're in, shutdown mode, fastly and quickly approaching the debt ceiling issue on the 17th. speaker boehner was reluctant to say he wants to play with this, the default issue, at least yesterday, appearing with george stephanopoulos. it doesn't seem as if he's talking that way but everybody is pushing him that way. >> reporter: john boehner's -- if you take the republican party into two and have the tea party red blooded meat crowd and country club free market crowd, he's a part of the latter. plastics company from ohio, millionaire that lives on a golf course. he doesn't want to see the united states default on its debt. that's a lot of folks i'm sure close to him have called and said not to let it happen. a lot of concern among the establishment and those folks on wall street about house republicans playing with the debt limit idea. the problem is as we said all along, there's a group that doesn't want to see that go up. but everyone thinkds that john boehner would never in a million years let the united states default. you've seen goldman sachs, which i'm sure you saw whe
we're in, shutdown mode, fastly and quickly approaching the debt ceiling issue on the 17th. speaker boehner was reluctant to say he wants to play with this, the default issue, at least yesterday, appearing with george stephanopoulos. it doesn't seem as if he's talking that way but everybody is pushing him that way. >> reporter: john boehner's -- if you take the republican party into two and have the tea party red blooded meat crowd and country club free market crowd, he's a part of the...
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Jan 14, 2013
01/13
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ceiling issue. i know you said you are not to go shooting on it. your administration has rolled out any ideas. sometimes it is what it takes. you brought up that animation proclamation. are you considering a plan b? and if not -- >> well, chuck, the issue here is whether or not america pays its bills. there is a very simple solution to this. if the house and senate want to give me the authority so that they do not have to take these tough votes, i would be happy to take it. mitch mcconnell, the republican leader in the senate had a proposal like that last year. i am happy to accept it. if they want to keep this responsibility, then they need to go ahead and get it done. there are no magic tricks here. there are no loopholes. there are no easy outs. this is a matter of congress authorizes spending. they ordered me to spend. they tell me you need to fund our defense department at such and such a level. you need to send out social security checks. you need to make sure that you are paying to care for o
ceiling issue. i know you said you are not to go shooting on it. your administration has rolled out any ideas. sometimes it is what it takes. you brought up that animation proclamation. are you considering a plan b? and if not -- >> well, chuck, the issue here is whether or not america pays its bills. there is a very simple solution to this. if the house and senate want to give me the authority so that they do not have to take these tough votes, i would be happy to take it. mitch...
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Oct 11, 2013
10/13
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second of all, they worry that six weeks, a six-week increase in the debt ceiling doesn't give the g.o.p. and the president enough time to negotiate over very thorny spending issues that the two sides have been at odds over for years, scott. >> pelley: nancy the meeting at the white house just broke up. things are very fluid. what happens next? >> reporter: well, house republicans are all telling us that they're going to be working throughout the night, going back and forth with the white house. it does appear that the big sticking point right now is over reopening the government. the president saying he likes their plan to extend the debt ceiling for six weeks so they can negotiate, but he wants to see the government reopened, too. house republicans are going to want some kind of concession for that, so that's probably what they're going to be discussing all night long. >> pelley: but at least they're talking. nancy, thank you very much. on this tenth day of the shutdown, 400,000 federal workers remain on furlough. 800,000 more are working without pay. and the shutdown is now estimated
second of all, they worry that six weeks, a six-week increase in the debt ceiling doesn't give the g.o.p. and the president enough time to negotiate over very thorny spending issues that the two sides have been at odds over for years, scott. >> pelley: nancy the meeting at the white house just broke up. things are very fluid. what happens next? >> reporter: well, house republicans are all telling us that they're going to be working throughout the night, going back and forth with the...
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Sep 19, 2013
09/13
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. >> sam stein, we saw the president -- speaking today about the debt ceiling issue. first stage is funding for the government, debt ceiling after that. where its the white house in terms of strategizing, their moves at this point. is this something that they just have to watch. watch while the crazies work it out. >> yes with respect to the legislation, the white house would sign on a continuing resolution, short term length that kept funding the at $89 # 8 billion. locked in sequester levels. they're not going to throw a hissy fit over it. they've recognize the debt ceiling fight its more important. with respect off to the health care law. some how, miraculously, pedestrian cruise were to fill bulser for pay dozen days, convince him to pass something that defunded obama care. the other thing, really important. if you shut down the government. health care is the law of the land. continues to be funded. this is what is causing senate republicans to say this is a stupid strategy. the law will be enacted any way. we are waiting for all this kabuke theater to play out. i
. >> sam stein, we saw the president -- speaking today about the debt ceiling issue. first stage is funding for the government, debt ceiling after that. where its the white house in terms of strategizing, their moves at this point. is this something that they just have to watch. watch while the crazies work it out. >> yes with respect to the legislation, the white house would sign on a continuing resolution, short term length that kept funding the at $89 # 8 billion. locked in...
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Jan 17, 2013
01/13
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FOXNEWS
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this debt ceiling issue is just crazy. i stand -- >> was it crazy seven years ago when your democratic colleague voted against raising it? was it crazy then? >> well, except it wasn't real and this is real. the last final -- >> real is in the eye of the beholder. >> no, no. >> i guess it's -- >> it was more -- you know that those past votes were more symbolic, but when we really had a crisis over the debt ceiling in 2011, there were real consequences. real lasting consequences, and we didn't even -- we did raise the debt ceiling in the end, but we saw the deficit grow, neil, when there was this threat to -- and so as i said, the coke brothers, the u.s. chamber of commerce, against the debt crisis. >> i always appreciate your coming on. you give as well as you take and i appreciate that. congresswoman jan. >> a warning about the healthcare law. unite health care says its costs are running up. all rise. the judge says your premiums are about to do the exact same thing. so, i guess we shouldn't be surprised. premiums will lik
this debt ceiling issue is just crazy. i stand -- >> was it crazy seven years ago when your democratic colleague voted against raising it? was it crazy then? >> well, except it wasn't real and this is real. the last final -- >> real is in the eye of the beholder. >> no, no. >> i guess it's -- >> it was more -- you know that those past votes were more symbolic, but when we really had a crisis over the debt ceiling in 2011, there were real consequences. real...
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Oct 7, 2013
10/13
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on the debt ceiling issue, rarely do you get a clean debt ceiling. the president has to deal on that and they node to talk and figure out what to do. >> does boehner figure out what he wants. that keeps changing. >> if you talk not in public, you don't announce meetings and you go back and forth. i think there will be enough frustrated republicans at this point that you will be able to get something on the floor and think that boehner will put something on the floor at that point and not worry about what majority said. >> you cared about the deficit and you know what to negotiate on which is the debt ceiling. this document should be about the budget and the republicans are not putting anything out there. >> they have not gotten how much they want the debt limit raised. they have not done it that way before there was a specific amount. one would presume boehner wants the debt limit raised before 2014. he now in the same way that the president wanted that went past november 2012. putting out a number if he had a specific number in mind, that you negoti
on the debt ceiling issue, rarely do you get a clean debt ceiling. the president has to deal on that and they node to talk and figure out what to do. >> does boehner figure out what he wants. that keeps changing. >> if you talk not in public, you don't announce meetings and you go back and forth. i think there will be enough frustrated republicans at this point that you will be able to get something on the floor and think that boehner will put something on the floor at that point...
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Jan 5, 2013
01/13
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you have the federal deficit, spending cuts, debt ceiling. if the last congress had so many challenges producing a bill to avoid the fiscal cliff do you think this congress will be more productive and if so why? >> you know, i think that remains to be seen. i think that, again, that congressmen need to hear from their constituents and people need to know that, hey, we sent you guys up there to get to work. we mean business. stop all of the partisan bickering. of course, republicans and democrats are always going to have differences on issues. but things of this nature that could cause economic catastrophe, those sorts of things, we should be able to work a lot easier on and that's why i'm up here. i want to work with my republican colleagues. i've reached out to all of my republican colleagues in the north texas area to let them know i want to work with them and i will continue to reach across the aisle, all across the congress working with republicans because i know that it is very important that we do a better job of working together. >> i
you have the federal deficit, spending cuts, debt ceiling. if the last congress had so many challenges producing a bill to avoid the fiscal cliff do you think this congress will be more productive and if so why? >> you know, i think that remains to be seen. i think that, again, that congressmen need to hear from their constituents and people need to know that, hey, we sent you guys up there to get to work. we mean business. stop all of the partisan bickering. of course, republicans and...
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Oct 1, 2013
10/13
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we need to be talking about it as we are having this looming debt ceiling issue come forward. >> this will bleed into the debt ceiling. hang on everybody, please. we have a special friend and great reporter, john harwood has scored an interview with president obama. that's tomorrow. cnbc's john harwood joins us on the phone. good evening, john. congratulations, what is the occasion of this exclusive interview? is president obama gearing up to say something? >> the president is meeting with members of the financial services forum tomorrow, people like lloyd blankfine and jamie dimon at a time that he's trying to put out a message that a potential debt crisis, which is something that is a couple of weeks away, would have a terrible effect on the economy. he's trying to rally support within the business community to tell the congress specifically house republicans and republicans throughout the congress to go ahead and raise the debt limit. that argument so far has not resolved the standoff that we're in the middle of right now over funding the government, and we don't have a solution in
we need to be talking about it as we are having this looming debt ceiling issue come forward. >> this will bleed into the debt ceiling. hang on everybody, please. we have a special friend and great reporter, john harwood has scored an interview with president obama. that's tomorrow. cnbc's john harwood joins us on the phone. good evening, john. congratulations, what is the occasion of this exclusive interview? is president obama gearing up to say something? >> the president is...
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Mar 22, 2013
03/13
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CSPAN
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and now we have the debt ceiling and on and on and on. it never ends. people get concerned. you look at consumer confidence, and it has since passed continued to decline. a function of not knowing what is going on in the we shouldr, i guess say, in the government, in terms of what they're doing with budget and taxes and everything else. host: we will talk with april -- reporter on the hill. ,et's go to fredericksburg virginia, republican, also a federal worker. caller: hi. i am with the department of defense, and we have done it numerous options on how to deal with the sequester. the department of defense has been hours with the sequester. it has certainly affected the tempo of our work. i think it is going to severely affect defense workers morale in a lot of ways. this is really ridiculous. both senatorsto from june -- virginia. unless they fix this things, i am not going to vote for them. atm looking very closely how my congressman is handling the situation. anything to doing fix it, i will try and vote him out, also. the congressmen are doing themselves a disservice. hos
and now we have the debt ceiling and on and on and on. it never ends. people get concerned. you look at consumer confidence, and it has since passed continued to decline. a function of not knowing what is going on in the we shouldr, i guess say, in the government, in terms of what they're doing with budget and taxes and everything else. host: we will talk with april -- reporter on the hill. ,et's go to fredericksburg virginia, republican, also a federal worker. caller: hi. i am with the...
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Oct 15, 2013
10/13
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ALJAZAM
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they are watching the clock, because we are getting closer to that deadline of that debt ceiling issue. all right, we appreciate it, let's turn to our white house correspondent, how is the white house reacting to the house republicans manage? things are still fluid. they are in that big white building behind me, in the oval office waythe president of the united states. they are hashing out their strategy. so much has gone on today. part of it repealing that medical device tax. that fell right behind closed doors the two hour meeting behind closed doors and so basically everybody is standing back and waiting to see what house republicans if they can come up with something, when they can come up with something, because the senate plan looks like the thing that is going to come and save the day. the white house will put out a decree they are not going to go fur it, and then we are right back at plan b, if the senate has the plan, will ted cruz talking about them a moment ago, will standup will they throw a roadblock, will they take us past midnight tomorrow and into possible default terri
they are watching the clock, because we are getting closer to that deadline of that debt ceiling issue. all right, we appreciate it, let's turn to our white house correspondent, how is the white house reacting to the house republicans manage? things are still fluid. they are in that big white building behind me, in the oval office waythe president of the united states. they are hashing out their strategy. so much has gone on today. part of it repealing that medical device tax. that fell right...
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Dec 11, 2013
12/13
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now, the next big issue is, of course, the debt ceiling. i don't know what they're going to decide to do on that. >> that deadline is february. i assume they'll raise the debt ceiling as they do you an the time, maybe painful at some point but probably do that. where does this put paul ryan? because some very conservative republicans are irritated by this deal. they're not going to vote for it. looking ahead to 2016, because his name is out there potentially as a presidential candidate. >> i think he's decided to be the pragmatist here and telling conservatives that this has no tax increases. so this is good for us. but the original paul ryan that i met and when he was running for the vice presidency was somebody who saw himself as transformational. big things, reform the tax code, change medicare. what did we see him do yesterday? a plan that was very incremental he knew the whole kind of global let's push a big thing through doesn't work in this defined of divided congress. i think he's kind of tamped down a little bit of his sort of majo
now, the next big issue is, of course, the debt ceiling. i don't know what they're going to decide to do on that. >> that deadline is february. i assume they'll raise the debt ceiling as they do you an the time, maybe painful at some point but probably do that. where does this put paul ryan? because some very conservative republicans are irritated by this deal. they're not going to vote for it. looking ahead to 2016, because his name is out there potentially as a presidential candidate....
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Oct 23, 2013
10/13
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CNBC
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whatever would drive the market down would say it's this debt ceiling issue or anything else. these are proximate causes of crashes as opposed to ultimate cause of crashes. the ultimate cause is distorted environment we're in. the fact that assets have been bit up to this unsustainable level based entirely on an artificial economic sort of illusion that is zero interest rate environment. so, the ultimate cause again is just the distorted setup we have in our economy today. >> so, from a practical standpoint, how do you invest in this market? 2008 your funds scored returns of better than 100% as the s&p 500 lost over a third of the value during the crisis. how do you invest today? >> it's simple answer, mom and pop answer, i think, is just to step aside. this is sorted of a mundane response to that. but it's -- but it's impossible to do. certainly impossible to do from a professional standpoint. the professional investors certainly more than nonprofessionals are forced to sort of make this return every quarter, every year. so they don't have this luxury of being round-about, th
whatever would drive the market down would say it's this debt ceiling issue or anything else. these are proximate causes of crashes as opposed to ultimate cause of crashes. the ultimate cause is distorted environment we're in. the fact that assets have been bit up to this unsustainable level based entirely on an artificial economic sort of illusion that is zero interest rate environment. so, the ultimate cause again is just the distorted setup we have in our economy today. >> so, from a...